Clydesdale Bank is reducing selected products tomorrow (Thursday 12 October).

It is also launching new fixed rates.

The details are as follows:

Exclusive remortgage deals with £500 cashback

• New 85% LTV two and five-year fixed rates will be launched starting from 5.24%.
• 80% LTV two-year fixed rate will be reduced by 0.15% to 5.84%.
• 75% LTV five-year fixed rate will be reduced by 0.05% to 5.20%.
• 80% LTV five-year fixed rate will be reduced by 0.27% to 5.22%.

These deals are available for loan sizes between £200,000 and £1.5m.

Exclusive purchase deals

• 90% LTV two-year fixed rate will be reduced by 0.15% to 5.89%.
• 90% LTV five-year fixed rate will be reduced by 0.15% to 5.35%.

These deals are available for loan sizes between £300,000 and £600,000.

Exclusive large loan deals

• 75% LTV two-year fixed rate will be reduced by 0.16% to 5.75%.
• 75% LTV five-year fixed rate will be reduced by 0.12% to 5.26%.

These deals are available for loan sizes between £1m and £2m.

New and existing customer products

• Selected two-year fixed rates will be reduced by up to 0.27%.
• Selected five-year fixed rates will be reduced by up to 0.12%.
• Selected Professional and Newly Qualified Professional fixed rates will be reduced by up to 0.27%.
• Two-year Offset Discounted rates will be reduced by 0.20%.
• Selected two-year buy-to-let fixed rates will be reduced by up to 0.30%.

The end dates will move to January of the relevant year.